CRISIL Ratings expects the revenue contraction of road building engineering, procurement and construction (EPC) companies by 8-10 per cent this fiscal as the COVID-19 pandemic-driven lockdowns have severely affected the operations of these companies. The forecast is based on an analysis conducted of over 300 CRISIL-rated EPC companies with rated debt of Rs 51,000 crore. During fiscal years 2017 and 2020 these companies could achieve a 17 per cent growth rate.
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